Author Question: The cost incurred from the production of an additional unit of a product A) is called a loss. B) ... (Read 1541 times)

jwb375 · **on:** Jun 29, 2018

The cost incurred from the production of an additional unit of a product

A) is called a loss. B) is called opportunity cost.
C) must be zero for a firm to be efficient. D) is a marginal cost to the firm.

Question 2

A ________ demand curve for shampoo would be caused by a change in the price of shampoo.

A) positively sloped B) leftward shift of the
C) rightward shift of the D) movement along the